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Showing 181 - 190 of 515 results for "Powers"

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
Treasury has released draft legislation on enhancing ASIC's powers, including allowing the regulator to tap the phones of those under investigation. The new legislation follows on from the ASIC Enforcement Review Taskforce which made a number of recommendations ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... have changed, but AFCA rules as of 30 June 2019 will be applied. AFCA furthered clarified to Financial Standard: "AFCA powers and procedures will be in accordance with the Rules in force at the time a complaint is received, which include our obligation ...

APRA updates enforcement approach

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
... response to the Enforcement Review, which made seven recommendations designed to help APRA better leverage its enforcement powers to achieve sound prudential outcomes. The "constructively tough" enforcement appetite it set out in that document can be ...

Chief economist update: This land is ours

BENJAMIN ONG  |  MONDAY, 2 SEP 2019
... around 27% in the 1990s. The escalating heavy-handed police responses to the protesters indicate the determination of the powers that are determination to enforce its authority on whatthey consider as its rightful sovereign territory. As well, muted ...

Midwinter acquired by Bravura

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... the UK-based FNZ. Bravura said the acquisition is a good strategic fit, with Midwinter's AdviceOS solution - which powers back office administration for advisers and digital advice portals for superannuation funds in Australia - being a natural extension ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... this year. Not meeting the OST deadline drew the ire of the prudential regulator, which in May exercised its newly vested powers and directed IOOF to implement and maintain the OST or risk facing a financial penalty under the SIS Act. Recently appointed ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... time predictions that a US recession is coming are multiplying. If only Trump had the "dictatorial" and "unquestioned" powers of Xi. @realDonaldTrump's latest tweet: "The Fed Rate, over a fairly short period of time, should be reduced by at least ...

Why do we need royal commissions, Hayne asks

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
... reminded the audience that a Royal Commission is independent, neutral, public and produces a reasoned report. However, its powers of gathering information are no different from the powers that the executive and legislative branches already have and it ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... that it has taken all this time for China to allow market forces to restore equilibrium in its economy. Note that, the powers that be in Beijing have controlled the currency's exchange rate for fear of being officially branded by America as a "currency ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... touched on include the TPB's governance arrangements, registration and education requirements, compliance and sanction powers and the regulation of tax (financial) advisers. TPB chief executive Michael O'Neill said the board has worked closely with James ...